Baazar Style Retail IPO
GMP, Subscription, Price, Dates & Financial Details
Established on June 3, 2013, as Dwarkadas Mohanlal Private Limited, the company later changed its name to Baazar Style Retail Private Limited on November 21, 2013. It transitioned to Baazar Style Retail Limited on January 6, 2022, upon becoming a public limited company.Bazaar Style Retail Limited…
Open Date
Fri, 30 Aug 2024
Close Date
Tue, 03 Sep 2024
Price Band
₹ 370 – 389
Lot Size
38
Issue Size
₹ 834.68 Cr
Minimum Investment
₹ 14,782 (38 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Baazar Style Retail IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹834.68 Crore, comprising a fresh issue of 38.05 Lakh equity shares aggregating to ₹148.00 Crore and an offer for sale (OFS) of 1.77 Crore equity shares aggregating to ₹686.68 Crore by the existing shareholders.
The Baazar Style Retail IPO remained open for subscription from August 30, 2024, to September 03, 2024. The basis of allotment was finalized on September 04, 2024, and the company's shares were listed on the NSE and BSE on September 06, 2024.
The company had fixed the price band at ₹370 to ₹389 per share, with a lot size of 38 shares. Retail investors were required to make a minimum investment of ₹14,782 (based on the upper price band) to apply for one lot.
The IPO also included a reservation of 28,248 equity shares for eligible employees, who received a discount of ₹35 per share.
MUFG Intime India Private Limited served as the registrar to the issue. Axis Capital Limited, Intensive Fiscal Services Private Limited, and JM Financial Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Baazar Style Retail Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Baazar Style Retail IPO Timeline (Tentative)
- IPO Open Date
- Fri, 30 Aug 24
- IPO Close Date
- Tue, 03 Sep 24
- Basis of Allotment
- Wed, 04 Sep 24
- Initiation of Refunds
- Thu, 05 Sep 24
- Credit of Shares to Demat
- Thu, 05 Sep 24
- Listing Date
- Fri, 06 Sep 24 — NSE & BSE
Open Date
30 August 2024
Close Date
03 September 2024
Basis Of Allotment
04 September 2024
Listing Date
06 September 2024
IPO Subscription
Check Live Subscription →The Baazar Style Retail IPO has received bids for 61,07,33,758 shares against 1,50,30,116 shares offered, resulting in an overall subscription of 40.63x. the NII category is subscribed 59.41x, Retail Investors 9.07x, Employees 35.08x, and QIBs 81.83x. Within the NII category, BNII is subscribed 69.27x, while SNII is subscribed 39.68x.
QIB
81.83x
NII
59.41x
BNII
69.27x
SNII
39.68x
RII
9.07x
EMP
35.08x
Total
40.63x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 75,00,934 shares, representing 34.95% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 42,86,248 shares (19.97%), while Non-Institutional Investors (NIIs) receive 32,14,686 shares (14.98%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 6,429,372 | 29.96% |
| Qualified Institutions | 4,286,248 | 19.97% |
| Non-Institutional | 3,214,686 | 14.98% |
| BNII | 2,143,124 | 9.99% |
| SNII | 1,071,562 | 4.99% |
| Retail Investors | 7,500,934 | 34.95% |
| Employees | 28,248 | 0.13% |
| Total | 21,459,488 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2024 |
|---|---|
| Assets | 1165.97 |
| Revenue | 982.83 |
| Profit After Tax | 21.94 |
| Net Worth | 212.56 |
| Reserve & Surplus | 180.2 |
| Total Borrowings | 178.23 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Baazar Style Retail Limited KPI Information
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 10.74 |
| ROCE % | 18.39 |
| Debt / Equity | 0.76 |
| RoNW % | 10.32 |
| PbW | 12.78 |
| Pat Margin % | 2.23 |
Peers Comparison
No Peer Comparision Available
About Baazar Style Retail Limited
Established on June 3, 2013, as Dwarkadas Mohanlal Private Limited, the company later changed its name to Baazar Style Retail Private Limited on November 21, 2013. It transitioned to Baazar Style Retail Limited on January 6, 2022, upon becoming a public limited company.
Bazaar Style Retail Limited is a prominent entity in the retail sector, specialising in a wide range of products catering to diverse consumer needs. Their offerings include an extensive selection of ready-made garments, textiles, and accessories, marketed under various brands to meet evolving fashion trends.
Operating from strategically located manufacturing facilities, Bazaar Style Retail Limited ensures seamless production and distribution. With a focus on quality and innovation, their manufacturing plants leverage modern technologies to maintain high standards across their product range.
In addition to direct sales channels, Bazaar Style Retail Limited collaborates with a network of distributors and retailers, ensuring the widespread availability of their products.
The company is also dedicated to environmental responsibility, with initiatives in place to minimise its ecological footprint. This commitment is underscored by their pursuit of certifications such as ISO 14001:2015, highlighting their proactive approach to sustainable business practices.
Peer Details
The following are the listed peers of Bazaar Style Retail Limited:
- V-Mart Retail Limited
- V2 Retail Limited
Baazar Style Retail IPO Promoters
The Promoters of the company are
- Pradeep Kumar Agarwal
- Rohit Kedia
- Shreyans Surana
- Bhagwan Prasad
- Rajendra Kumar Gupta
- Sabita Agarwal
- Rajendra Kumar Gupta (HUF)
- Sri Narsingh Infrastructure Private Limited
Promoters Holding
Holding Pre Issue
55.03%
Holding Post Issue
0.00%
Baazar Style Retail IPO Objective
The company plans to allocate the net proceeds from the issue for the following purposes:
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company.
- To cover all costs associated with the listing of equity shares on the stock exchanges. These expenses include listing fees, legal fees, commissions, marketing costs, and other miscellaneous expenses, ensuring a smooth and successful listing process.
- General corporate purposes in adherence to Board-approved initiatives and regulatory guidelines. This allocation will boost business operations, support growth, and ensure optimal capital utilisation.
Baazar Style Retail Limited Address / Contact Details
Baazar Style Retail Limited
P S Srijan Tech Park, DN-52, 12th Floor,
Street Number 11, DN Block, Sector V, Salt Lake
North 24 Parganas, Kolkata, - 700091
Phone: +91 3361256125
Email: secretarial@stylebaazar.com
Website: https://stylebaazar.in
IPO Snapshot
Baazar Style Retail IPO Lot Size
The Baazar Style Retail IPO has a lot size of 38 shares. Retail investors require a minimum investment of ₹14,782 by applying for 1 lot (38 shares). The maximum application allowed for the retail category is 13 lots (494 shares), requiring an investment of ₹1,92,166.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 38 | 14,782.00 |
| Retail (Max) | 13 | 494 | 192,166.00 |
| S-HNI (Min) | 14 | 532 | 206,948.00 |
| S-HNI (Max) | 67 | 2,546 | 990,394.00 |
| B-HNI (Min) | 68 | 2,584 | 1,005,176.00 |
Issue Reservation
- Anchor Investors — 29.96%
- QIB — 19.97%
- NII — 14.98%
- RII — 34.95%
- EMP — 0.13%
Book Running Lead Managers
- Axis Capital Limited
- Intensive Fiscal Services Private Limited
- JM Financial Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Baazar Style Retail IPO?
Baazar Style Retail IPO is a Book-building IPO with a total issue size of ₹834.68 crore. The Baazar Style Retail IPO price band is ₹370 to 389 per share. The Baazar Style Retail IPO subscription opens on Fri, Aug 30, 2024, and closes on Tue, Sep 3, 2024. The Baazar Style Retail IPO will be listed on the NSE,BSE. MUFG Intime India Private Limited is the registrar for the Baazar Style Retail IPO.
When will the Baazar Style Retail IPO open for subscription?
The Baazar Style Retail IPO opens on Fri, Aug 30, 2024 and closes on Tue, Sep 3, 2024
What is Baazar Style Retail IPO Price Band?
Baazar Style Retail IPO Price Band is ₹370 to 389 per share.
What is Baazar Style Retail IPO Lot Size?
Baazar Style Retail IPO lot size is 38 shares, Retail investors need a minimum investment of ₹14782 based on the upper price band
What is the minimum investment for Baazar Style Retail IPO?
The minimum investment for Baazar Style Retail IPO is ₹14782, based on one lot of 38 shares at the upper price band of ₹389 per share.
How to apply for Baazar Style Retail IPO?
Investors can apply for the Baazar Style Retail IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Tue, Sep 3, 2024. The application amount remains blocked until the Baazar Style Retail IPO allotment is finalized.
What is Baazar Style Retail IPO Issue Size?
Baazar Style Retail IPO issue size is ₹834.68 crores.
What is the Baazar Style Retail IPO Allotment Date?
Baazar Style Retail IPO allotment date is Wed, Sep 4, 2024.
Who is the Baazar Style Retail IPO Registrar?
The registrar for Baazar Style Retail IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Baazar Style Retail IPO allotment status, refund processing, and other IPO-related information.
What is the Baazar Style Retail IPO GMP?
The Baazar Style Retail IPO GMP (Grey Market Premium) is ₹65 as of Tue, Sep 3, 2024. Based on the upper price band of ₹389 per share, the estimated Baazar Style Retail IPO listing price is ₹454, indicating a potential listing gain of approximately 16.71% over the issue price.
Who is the Baazar Style Retail IPO Lead Manager?
The book-running lead managers (BRLMs) for the Baazar Style Retail IPO are Axis Capital Limited, Intensive Fiscal Services Private Limited, and JM Financial Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Baazar Style Retail IPO Red Herring Prospectus (RHP).